Wednesday October 7, 02:27 PM
ECB-Gold reserves up 6.26 bln euros after repricing
FRANKFURT, Oct 7 (Reuters) - Gold and gold receivables held by euro zone central banks rose by 6.26 billion euros to 238.169 billion euros in the week ending Oct. 2 after a quarterly revaluation, the European Central Bank said on Tuesday.
Net foreign exchange reserves in the Eurosystem of central banks fell by 6.1 billion euros to 183.1 billion euros, the ECB said in its regular weekly consolidated financial statement.
Gold holdings rose because the quarterly revaluation more than offset the sale of 15 million euros worth of gold by one euro zone central bank, consistent with the 2004 Central Bank Gold Agreement, the ECB said.
The ECB said its balance sheet now totalled 1.845 trillion euros up from 1.79 trillion previously.
For details of the report, please see the website: http://www.ecb.int/press Keywords: ECB/RESERVES
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